An Unprecedented Market
The Missoulian reports from Montana. “The skyrocketing prices of homes in Missoula this year have even long-time real estate agents shaking their heads in disbelief. ‘I’ve never seen anything like it,’ said Brint Wahlberg of Windermere Real Estate. ‘It’s truly an unprecedented market. I’ve been in the business 16 years, my mom has been in the industry 36 years. We’ve never seen a market where sellers have such an advantage to drive sales price and terms of sale.’”
“Wahlberg said that sellers are realizing they can raise their list price. ‘It’s based on what they are seeing in the market and what Realtors are coaching them on,’ Wahlberg said. ‘The Realtor is telling them, ‘You are the only listing in this price range, so let’s go $5,000 or $10,000 higher.’ You’ve got buyers sitting on the fence waiting and they’ll go for it. The numbers we track show sellers are getting as close to the list price as they ever have before the real estate bubble.’”
The Ahwatukee Foothills News in Arizona. “Two houses in Ahwatukee each sold in the last five weeks for more than $1 million. The two two-story homes, both around 5,800 square feet, also are the third and fourth million-plus houses sold in Ahwatukee since June 1. Associate Broker Stacey Lykins said people selling their luxury homes are still facing a buyer’s market both in Ahwatukee and throughout the Valley, because ‘buyers have a pretty big selection of homes from which to choose.’”
“‘As with any buyers’ market, sellers should expect to get less than asking price on their home, unless it’s priced very well and has broad appeal, is located in a desirable location with views, and has privacy and other intangibles that are important to the luxury buyer.’”
News OK in Oklahoma. “Metro-area housing inched toward balance at midyear, then slipped back toward a sellers market — but it’s sort of both, depending on price range. Sales of upscale homes — those priced at $300,000 to $400,000 and more, which is upscale for here — are sluggish. Sales are still brisk at lower prices, according to Realtors. ‘We tend to see it is usually a buyers market or a sellers market and this is the first time that I have seen such a split market,’ said Ginger Prysock, an agent at Metro First Realty Pros.”
“Houses priced at $400,000 and more are hitting the market ‘from a lot of the oil and gas industry workers,’ she said. ‘I’ve held open houses and had several coming in and commenting that they were downsizing due to the oil and gas industry.’”
“Move-in ready homes from $200,000 to $300,000 are selling fast, those from $300,000 to $400,000 ‘are not quite as fast, but the ones that need no paint, no upgrades and so on are moving,’ said Benjamin Floyd, owner of 525 Realty Group in Edmond. ‘There are a lot of them on the market, so it’s really trending buyers market,’ Floyd said. Those priced at $450,000 to $600,000 ‘are still moving but very slow. Over $600,000 is a very tough market now.’”
WSHU in Connecticut. “New Canaan, Connecticut, is one of the wealthiest towns in America. One measure of that wealth is the cost of housing, and New Canaan has hundreds of multimillion-dollar homes. But these days, more and more of them are up for sale.’In a climate where we have 350 houses on the market, sometimes it feels like the whole neighborhood is for sale,’ says John Engel, a full-time realtor.”
“So last month, Engel and some other folks in town suggested to take some of the ‘For Sale’ signs down. One theory was that signs look bad, and could scare potential home buyers away.”
“Right now, Engel is showing a $3.4 million mansion that’s unquestionably luxurious. This home is a couple miles down the road from another house for sale – owned by GE CEO Jeff Immelt. GE’s decision to leave Connecticut for Boston prompted Immelt to move to a condo in the heart of the city. He’s not the only one. ‘Remember, what GE finally said, after they quit posturing,’ says John Glascock, director of the University of Connecticut’s Center for Real Estate and Urban Economic Studies. ‘The reason they’re moving to Boston is the young couples did not want to come to that part of Connecticut to work.’”
‘Over $600,000 is a very tough market now’
About a year ago, this paper was reporting on which zip codes had the most million dollar houses. Some of them had hundreds.
$600k for a house. Unimaginable really when you consider the fact there isn’t a SFR on the planet that can’t be built in the $150k-200k range.
In 1986 you could buy a ranch in Oklahoma for 600k. With a house and a barn.
My generation is quick to be called lazy beggars, while those of us who work and save WISH we had the opportunity for a chunk of land and home for $500-600k. Shoot, I’d be glad to have the opportunity for a $200,000 SFH. Instead articles upon articles are written about “millenials” who refuse to leave home and are shunning home ownership, when the narrative should say “This market is inflation b@t sh!t crazy”
Why pine your life away for a rapidly depreciating asset that drains your wallet every day you own it?
Because, contrary to your belief, I can imagine it being nice to have your own chunk of land with your own residence to do as you please. Despite “Cratering prices” or unrecoverable losses.
There’s nothing stopping you from locking yourself in the corral with millions of DebtDonkeys. They don’t appear to be having much fun though.
If you work full time, what is that you have time for on the ranch? Laundry and wash the car?
Ranch Lola….. R-a-n-c-h…. as in animal husbandry, ag, crops for profit.
lol@lola - F A R M
from scratch, make $$$ lol!
Clearly you know nothing of either Lola.
lol@lola
Housing lola….. Housing.
Berlin, CT Housing Prices Crater 18% YoY
http://www.zillow.com/berlin-ct/home-values/
Z misses you.
GA L!
Housing lola.
Ruskin, FL Housing Prices Tank 7% YoY On Rising Mortgage Defaults
http://www.zillow.com/ruskin-fl/home-values/
lola the link-queen
Housing lola.
Santa Barbara, CA Housing Prices Crater 12% YoY
http://www.zillow.com/santa-barbara-ca/home-values/
“Because, contrary to your belief, I can imagine it being nice to have your own chunk of land with your own residence to do as you please. Despite “Cratering prices” or unrecoverable losses.”
I like having a garage with a shop bench, roll-away toolbox and stud to hang-up the Rigid Tool Girl calendar; tough to do that with an apartment.
I’ve got a Chevy dealer down the road chock full top shelf equipment and mechanics and a buckets full of cash to pay for work on my new trucks when the warranty expires.
Buy a house today and you’ll face a lifetime of incalculable losses.
Salem, NH Housing Prices Crater 18% YoY As Housing Correction Expands
http://www.zillow.com/salem-nh/home-values/
Salem NH is a dump where super commuters from Boston live. No income tax (to NH) at least…
Agreed. Boston is an even larger dump. No thanks.
This is very true. I especially love the younger crowd trying to squeeze into East Boston, Jamaica Plains, and Southie. Ha.
That’s right. It’s all part of the big dump called America. And every other country is much worse.
irrelevant.
Irrelevant.
Someday Mikey will say something profound and relevant. But not today, alas.
‘The skyrocketing prices of homes in Missoula this year have even long-time real estate agents shaking their heads in disbelief. ‘I’ve never seen anything like it…We’ve never seen a market where sellers have such an advantage to drive sales price and terms of sale.’
‘Wahlberg said that sellers are realizing they can raise their list price. ‘It’s based on what they are seeing in the market and what Realtors are coaching them on,’ Wahlberg said. ‘The Realtor is telling them, ‘You are the only listing in this price range, so let’s go $5,000 or $10,000 higher.’ You’ve got buyers sitting on the fence waiting and they’ll go for it.’
I’m sure no one will overpay in such an environment. As one poster said recently, ‘the loans are probably OK.’
I said that in the context of apartments where 20%+ of cost comes in as equity, and rents could fall by a fair bit before debt service is challenged given how low interest rates are…NOT in the context of a single family home purchased with a 3% FHA loan with cost at 43% of income.
You might know these apartment guys are refinancing like crazy. I listened to a radio show on that this weekend with one Houston group bragging about a 300% return on their “equity” in 3 years.
You can’t refinance new construction until it has been built and leased.
That said, yes, I do know that they have been refinancing like crazy. In addition to loan to value requirements (usually 80% or less), the loans also have debt coverage requirements…usually 1.3x or more…meaning income can fall by ~25% or more before you start having problems meeting debt service. Yes, I recognize that is a bottom line number, and rents need to fall by less than 25% for there to be pain.
And I know there will be examples where loans will default. I met a guy who oversaw a refinance for a portfolio of apartments in SF that in his view had assumptions that were too rosy regarding lower rent paying tenants leaving and marking those spaces to market (rent control limited rent increases otherwise). He thought the loan was a ticking timebomb…they had 5 years–which has probably about run by now.
All that said, credit was crazy loose during 2004-2006 for apartments and apartment loan default rates were extremely low. I think the biggest risk that apartment owners have right now is that the tenants they have that can most easily pay high rents are also the same tenants that can most easily move into ownership. The big question is will they move out at a fast enough rate to cause major problems?
‘the tenants they have that can most easily pay high rents’
This is the New Renter I mentioned on the weekend apartment bubble comments. If you read the industry talk, they’ll marvel at how millennials are “willing” to pay 60-70% of income to live above some bars. Harvard’s study said rents are astoundingly high compared to incomes. Yet the idea of the rich New Renter grows. I’m skeptical.
I recall speaking to a guy a while back who harkened back to the inflation o fthe 70’s, and noted that the way people paid high rents then were to double and triple-up. Is that being under-reported now?
Yet the idea of the rich New Renter grows. I’m skeptical.
It’s not uncommon for parents to foot the bill for these “cool” kids. I bet it is still common in NYC. Other explanation could be since they are delaying marriages and children….they can rationalize living this expensive college lifestyle another 5 or 7 years.
‘the tenants they have that can most easily pay high rents are also the same tenants that can most easily move into ownership.’
Pretending that this mythical “New Renter” exists for the sake of argument, they’re also the tenants who can most easily move to all the other new luxury apartments being built in massive numbers in every corner of this country.
It’s going to be like a game of musical chairs.
I don’t think there is a “New Renter” that is any different than 10 years ago. I’ve noted before that 10 years ago, it was common for young tech employees to move every 12 months to get the one-month free rent from whatever apartment project was recently completed. Over time, the concessions burn off for any particular apartment complex (not everyone will move every 12 months).
Today’s “New Renter” is simply a yuppie who is renting.
Where I think developers are going to have gotten the market wrong is in gauging the depth of this yuppie market.
Adding 1 unit with a ton of amenities to a market and needing to find 1 renter who is willing (and able) to pay $5,000 is much different than adding 10,000 such units, and needing to find 10,000 such renters.
It’s not uncommon for parents to foot the bill for these “cool” kids.
I bet that is actually very uncommon. The portion of all parents of millenials who can afford to do that must be very small.
And there you identified the problem; There are tens of thousands of these newly built housing units in large cities and many more in the pipeline.
” I think the biggest risk that apartment owners have right now is that the tenants they have that can most easily pay high rents are also the same tenants that can most easily move into ownership.”
I’m a bit skeptical about this. How many of these tenants are actually 2-3 tenants shacking up? Three buddies can easily pay high rents, but they will NOT easily move into ownership. Even if the three unrelated buddies are willing to commit to a 30-year mortgage (few are), banks would not extend a mortgage to them.
And no, HomeReady will probably *not* help here. Even with HomeReady, there is still only one name on the mortgage, and the non-borrower income can only pitch in 5% extra to DTI.
Hey Donk.
——————–
It’s not uncommon for parents to foot the bill for these “cool” kids.
I bet that is actually very uncommon.
——————–
I know of several boomers who aren’t retiring because they are at least partially subsidizing their kids, or even grandkids. And that’s in the burbs. The restaurants downtown are packed with young customers who are supposed to be paying down student debt. Someone’s got money somewhere.
A distinction without a difference considering apartment and condo LTV’s are far higher with 80/20 financing. There is no room for vacancies and ratching rates down.
There is no 20% “equity”.
I am going to be in Missoula later this year, my first ever trip to Montana. If I see anything housing-bubble-related, I’ll post a report here when I get back.
I have read that Montana is a low-wage state, something the locals ruefully refer to as the “mountain tax.” Kind of like Floridians cynically noting that we are paid in sunshine.
California is the most impoverished state in the country:
“As Los Angeles grapples with the nation’s worst homelessness problem, experts have almost universally embraced permanent housing as the best approach for lifting people out of homelessness.
The strategy is to quickly re-house those who are able to live independently, and to provide housing with intensive on-site services for chronically homeless people for as long as it takes them to become independent, or for life if needed.
But the shift toward permanent housing has had a cost: As money has been directed away from programs that combine services with shorter-term housing, the region’s homelessness problem has gotten worse.
The county’s overall homeless population was roughly unchanged from 2015 to 2016. But the “unsheltered population” — those literally living on the street — increased by about 1,400, according to the Los Angeles Homeless Services Authority’s annual count.
The homeless authority attributed the increase at least in part to the loss of beds in programs that were converted to permanent housing or had their funding cut.”
http://www.latimes.com/local/lanow/la-me-ln-transitional-housing-cutbacks-20160815-snap-story.html
If you feed bums, you get more bums.
m county found 3 in 1978
feed the
now w have 3000
We have parking meters to collect $$ for bums. We have signs that tell tourist not to feed them, give money to the shelters via the meters instead. It works very well.
Maintaining a home is a lot of WORK! It’s a lot less work to sleep under an overpass and throw your garbage into the bushes.
As mentioned above, when you put more free food out in your back yard, can you really be surprised when more critters show up to eat it?
And the irony is the typical “homeowner” is far more poor than your average street bum.
Try the overpass lifestyle for a month… I think you’ll find it significantly more taxing than homeownership.
I prefer renting for a pittance with a million scarole in my wallet while millions of MT Pockets throw more irrecoverable money at their rapidly depreciating house.
Not if you go to REI first.
California is maladministered by the Comrades of Proven Worth (D), who hold parasitism to be a supreme virtue. Forward!
CA: 7th largest economy or is it 6th? Just wait until it follows CO and taxes weed.
“The strategy is to quickly re-house those who are able to live independently, and to provide housing with intensive on-site services for chronically homeless people for as long as it takes them to become independent, or for life if needed.”
They should get these peeps on a dating website. Steady squeeze is a good reason to go to work and rent a place.
I live in LA.
You have to keep in mind that some of it is the weather. There’s no more ideal climate in terms of not too hot, not too cold. I would imagine it would be pretty brutal to be homeless in Arizona in the summer or Montana in the winter.
‘what Realtors are coaching them on…The Realtor is telling them’
‘One in every 50 people in New Canaan is a licensed realtor. Not all of them are full-time realtors, of course – some just have the license, and do it occasionally or part-time.’
‘John Engel is a full-time realtor and a town councilman. “In a climate where we have 350 houses on the market, sometimes it feels like the whole neighborhood is for sale,” he says.’
Easy there NPR, you’re gonna get a nasty email from the used house sales people for not using the Royal “R”.
Realturds have convinced much of the public that their “profession” is like some kind of historic guild, when in reality all they are, and all they’ll ever be, are used house salesmen.
FWIW the percentage of realtors got nearly that high in California in 2007 at about 1 in 65 people (based on 550,000 realtors then) but has declined a good bit since then
“some just have the license, and do it occasionally or part-time.’”
And only when there is no work involved.
Saudi-led coalition denies targeting Yemeni schools that killed 14 children:
“The Saudi-led coalition in Yemen insist they targeted a militia training camp after airstrikes hit two schools in the north of the country Saturday killing at least 14 children.
The latest attacks come after U.N.-led peace talks reached a dead end last week, with fierce clashes reported throughout the country.
Saturday’s incident has also renewed concerns over the mounting number of civilians — many of them children — who have died in the conflict.
A U.N. report in May found a six-fold jump in the number of child fatalities in 2015 compared with the year before. It said the Saudi-led coalition was responsible for the majority of child deaths and injuries.”
http://www.cnn.com/2016/08/15/middleeast/yemen-schools-bombing/index.html
Also recommend the book “The Deep State” by Mike Lofgren.
One of the richest countries bombing one of the poorest, with the help of the US government of course. And recently those 28 pages were released, showing serious Saudi royal family/government support for the 911 terrorists. We’re bombing Libya - again. More US troops headed into Iraq/Syria every week.
What is the media talking about? The polls!! Has anyone seen the video of the Iron Maidens head shaking fit? And I see the internet noticed that weird hole in her tongue.
Jill Stein said she would cut the Pentagon budget in half if she is elected.
But can Jill Stein trumple?
Hillary Has a Seizure
https://www.youtube.com/watch?v=_wodYVFN6To
If she has one of these during the debates…
…we’ll add a fourth ring to this three-ring circus of an election.
Hillary Has a Seizure
That’s some scary stuff. Imagine the media uproar had it been the Don.
Neckbeard News is on the case! You guys are joking, right?
I don’t care about the goober who posted the video. I tried to find the MSM version, but it, uh, doesn’t seem to exist. At least when I looked for it. (BTW, Mr Neckbeard is with Her->) Check your privilege!
Hillary Clinton could be flopping around on the stage speaking in tongues with a leaky, overflowing adult diaper and the New York Times would ignore it:
http://www.zerohedge.com/news/2016-08-08/something-wrong-hillary-bizarre-behavior-seizure-allegations-raise-doubts-about-her-
They must shoot her up with meds before the debates.
shoot her up
https://www.google.com/#q=diazepam+pen
Her<- for prison infirmary!
“Hillary Clinton could be flopping around on the stage speaking in tongues with a leaky, overflowing adult diaper and the New York Times would ignore it”
She could, and given her opponent, it would still be arguable that she was the lesser evil.
She could go full Linda Blair, FFS!
There’s a great likelihood that Hillary Clinton will be the next president. Some of this health stuff has had me wondering… is Tim Kaine going to be a US President?
I like how before we bombed Libya, Libyans went to college (women included), sectarian violence was minimal, the cities had great infrastructure. Not saying Ghaddafi was a good man at all, but we left that place in ruins.
‘went to college (women included), sectarian violence was minimal, the cities had great infrastructure…we left that place in ruins’
Same with Iraq and Syria.
Syria is utterly devasted. Look at this drone footage of Aleppo. It was Syria’s second largest city, and now it’s practically uninhabitable except by wretches living a troglydyte existence under intensive shelling and bombing. You can only imagine what’s going to be inculcated in ruined places like this for the next generation.
https://www.youtube.com/watch?v=aQjw2BVRVg8
Striking similarity with many major cities in the US, after the culture has been gutted.
If there’s a god Bush, Cheney, Obama, Hillary et all will be punished straight to hell for 7 lives.
Hilary will have her own war as soon as she is sworn in
libb-ia
I’ll say it: he was a good man. His mistake was trusting the zatoist west. Hillary wouldn’t dare do this in her country :
https://m.youtube.com/watch?v=zBIovdDGPkI
Meanwhile, the rag-tag Houthis are kicking ass on the Saudis, notwithstanding the untold billions the Saudis have spent on building up their military.
https://www.youtube.com/watch?v=Uvguv7_fNUw
“So last month, Engel and some other folks in town suggested to take some of the ‘For Sale’ signs down. One theory was that signs look bad, and could scare potential home buyers away.”
Another theory is, no signs, no sales. How are buyers going to know the whole neighborhood is for sale without any signs to indicate the situation?
my neck of the woods, not new Canaan but norwalk, and yes i’ve been seeing lots of for sale signs around my moms house, seems like those same houses were up for sale in 07-08 and some went through foreclosure, guess the price is back up to break even…
plus the only HS in New Canaan in some years 100% of the graduates go on to college.. a very rare feat in america.
You are assuming there ARE buyers…
Got Russian development ties?
The Big Read
August 14, 2016 6:55 pm
US election: Trump’s Russian riddle
Gary Silverman
The Republican nominee became the face of Bayrock, a developer with roots in the Soviet Union
Donald Trump and Tevfik Arif attend the Trump Soho Launch Party on September 19, 2007 in New York.
(Photo by Mark Von Holden/WireImage)
During the first decade of this century, Donald Trump began doing business with an unlikely partner — Bayrock, a New York property developer founded only a few years before by a Soviet-born newcomer to the US named Tevfik Arif.
The Republican presidential nominee and Bayrock were both based in Trump Tower and they joined forces to pursue deals around the world — from New York, Florida, Arizona and Colorado in the US to Turkey, Poland, Russia and Ukraine. Their best-known collaboration — Trump SoHo, a 46-storey hotel-condominium completed in 2010 — was featured in Mr Trump’s NBC television show The Apprentice.
Yet when Mr Trump testified under oath in 2011 about his relationship with Mr Arif’s company, he confessed that he found his partners puzzling. Mr Trump said he knew what they did. But he said he was unsure of exactly who they were.
“I don’t know who owns Bayrock,” Mr Trump said. “I never really understood who owned Bayrock. I know they’re a developer that’s done quite a bit of work. But I don’t know how they have their ownership broken down.”
…
General Jack D. Ripper: Mandrake, do you realize that in addition to fluoridating water, why, there are studies underway to fluoridate salt, flour, fruit juices, soup, sugar, milk… ice cream. Ice cream, Mandrake, children’s ice cream.
Group Capt. Lionel Mandrake: [very nervous] Lord, Jack.
General Jack D. Ripper: You know when fluoridation first began?
Group Capt. Lionel Mandrake: I… no, no. I don’t, Jack.
General Jack D. Ripper: Nineteen hundred and forty-six. 1946, Mandrake. How does that coincide with your post-war Commie conspiracy, huh? It’s incredibly obvious, isn’t it? A foreign substance is introduced into our precious bodily fluids without the knowledge of the individual. Certainly without any choice. That’s the way your hard-core Commie works.
Group Capt. Lionel Mandrake: Uh, Jack, Jack, listen… tell me, tell me, Jack. When did you first… become… well, develop this theory?
General Jack D. Ripper: [somewhat embarassed] Well, I, uh… I… I… first became aware of it, Mandrake, during the physical act of love.
Group Capt. Lionel Mandrake: Hmm.
General Jack D. Ripper: Yes, a uh, a profound sense of fatigue… a feeling of emptiness followed. Luckily I… I was able to interpret these feelings correctly. Loss of essence.
Group Capt. Lionel Mandrake: Hmm.
General Jack D. Ripper: I can assure you it has not recurred, Mandrake. Women uh… women sense my power and they seek the life essence. I, uh… I do not avoid women, Mandrake.
Group Capt. Lionel Mandrake: No.
General Jack D. Ripper: But I… I do deny them my essence.
http://www.imdb.com/title/tt0057012/quotes
“Gentlemen, you can’t fight in here! This is the war room!”
Gads, they just don’t make movies like this any longer . . . such a shame, with all of the low-hanging fruit to be picked that our PC movie-makers and actors won’t touch.
There are more funny quotes at that link than 10 movies today. I think I read that it didn’t start off as a black comedy, but turned out that way as they filmed it.
Saw this on Netflix recently - a black comedy that has become a cult classic as ‘Murica slips deeper into IDIOCRACY: “God Bless America.”
https://www.youtube.com/watch?v=xdBJRfuHUPo
“God Bless America.”
Loved that movie!
Just rewatched the original “Manchurian Candidate” from the same era (1962)…not nearly as good as Dr. Strangelove but well worth a look and VERY timely…
Clinton campaign demands Trump ‘disclose pro-Russia ties’
LOL
I was going through some old papers today and dang if I didn’t find this old ledger from Belarus with an entry in it stating that there’s 15 million bucks in a secret place just waiting for me. How do I collect?
Should I contact Vicky “Eff the EU” Nuland? Maybe she’s holding it for me.
Speaking of Russian ties, here’s a tasty morsel from the WSJ:
http://www.wsj.com/articles/paul-manaforts-work-in-ukraine-becomes-u-s-campaign-issue-1471294056
AND here’s the money quote:
“Manafort was representing a guy who was up to his eyeballs in corruption and has blood on his hands,” said David Kramer, senior director for human rights and democracy at the McCain Institute and a former U.S. assistant secretary of state under George W. Bush.”
Seriously. They quoted, with a straight face, a former assistant sec of state for GWB, and a director at the McCain Institute. For human rights and democracy.
Oh, the humanity! I can’t imagine any two people more concerned with human rights and democracy that Shrub and McCain.
The funny thing (or is it sad) that the media is digging up connections between Trump staffers and bad actors.
But the NY Times digs up this as it relates to HRC and the future first man, and people are brushing it aside:
http://www.nytimes.com/2015/04/24/us/cash-flowed-to-clinton-foundation-as-russians-pressed-for-control-of-uranium-company.html?_r=0
“my corrupt politician is better than your racist buffoon”
One is corrupt and racist and the other is just corrupt.
“corrupt and racist”
Also unqualified and reckless.
Not that it matters in the least to his rabid and blind pack of followers…
Both are unfit.
Period.
End of discussion.
“I can’t imagine any two people more concerned with human rights and democracy that Shrub and McCain.”
Anyone who calls Trump’s campaign manager out for potential corruption is clearly not to be trusted.
The thing that puzzles me about the Trump brand is, even before all this election stuff, that there are actually people out there that feel some sense of prestige in living in it building with Trump stuck on the outside.
How big of a chode do you have to be to make a real estate decision based on something like that? And there must be thousands of them out there, maybe millions! A chode majority, perhaps!
They vote..without them there would be no USA..there would be no Trump, no Obama, Bush or Billary.
Trump Brand vs Clinton Brand
https://i.sli.mg/i1NiF4.jpg
And when you look at that comparison, no way is Hillary ahead in the polls, not by a long shot.
That’s why she has to get illegals to vote early and often.
Yes, the election will be rigged in the same way that the polls are being rigged. It will be done so masterfully that there will be evidence.
whoosh….
And when you look at that comparison, no way is Hillary ahead in the polls, not by a long shot.
Palmy, Palmy, Palmy. Consider that the shuffling zombies who fell for hope n’ change are still out there, and on election day, they, along with the latest crop of vegetables from our NEA indoctrination mills, will lurch forth out of Stupidville en masse and overwhelm the thinking 5%, again, at the polls.
Hillary is going to be our next president by a landslide, and the Comrades of Proven Worth are going to repay the stoopids by imposing a collectivist kleptocracy beyond anything the Founding Fathers could ever imagine. Forward!
Well, Ray, at least we’ll have the comfort of knowing that all the useful idiots in the media and the academic world will be disposed of, according to this guy:
https://www.youtube.com/watch?v=R3nXvScRazg
At least Trump will have the comfort of knowing in his own mind that the election was rigged.
“according to this guy”
Obviously a credible source!
“That’s why she has to get illegals to vote early and often.”
I doubt the polls that show loser Trump losing the election ask illegal aliens how they plan to vote.
But please correct me if I misspeak.
“some sense of prestige in living in it building with Trump stuck on the outside.”
And that’s how Trump makes a lot of his money, in licensing fees just for the image of prestige and luxury that comes with the Trump name. When Trump destroys that image, he is destroying his actual wealth too.
I hope Ivanka is saving her pennies. God forbid she needs to sell her apparel on her fashion design merit alone, instead of coattailing off the same name. Her Convention dress was a hot mess (FWIW, Chelsea’s was worse).
yeah, but her dress sold out right after the convention, according to some reports.
Anyhoo, don’t worry about Ivanka. As long as things are good with Jared, she’ll be OK. And don’t worry about Don, Jr., either. He’s actually the kind of guy who would do fine on his own. Maybe not billionaire fine, but he can always get a gig as a construction super or project manager. From all reports, he’s competent enough.
Don’t worry about Don Sr., either. He’s already savoring the prospect of a lengthy vacation.
For all of his winning talk, Trump keeps broaching the possibility of losing
David Jackson, USA TODAY 1:43 p.m. EDT August 14, 2016
Donald Trump says he’s confident he’ll be president, but in recent days he has repeatedly broached another possible outcome: Losing.
Now trailing Hillary Clinton in a variety polls, the uber-confident Trump has blamed Republican in-fighting, “unfair” media coverage, and the threat of “cheating” as possible reasons for a potential loss in the Nov. 8 general election.
“Can you imagine how badly I’ll feel if I spend all of that money … all of this energy … all of this time — and lost?” Trump told supporters during a rally this weekend in Fairfield, Conn., a Democratic-leaning state where Clinton also leads in pre-election polls.
“I will never ever forgive the people of Connecticut,” Trump said. “I will never forgive the people of Florida and Pennsylvania and Ohio — but I love them anyway.”
As he warns of a possible loss, Trump and his aides are soliciting an army of poll watchers over the candidate’s concerns that the election could be “rigged” for Clinton, and that he could be “cheated” in key states like Pennsylvania. “The only way we can lose, in my opinion — I really mean this, Pennsylvania — is if cheating goes on ” Trump told supporters Friday in the mid-state city of Altoona.
In urging backers to become poll watchers, Trump said, “go down to certain areas and watch and study and make sure other people don’t come in and vote five times.”
The plea comes amid a slide in polls since the Republican and Democratic conventions of last month. The Real Clear Politics website average of recent national polls gives Clinton a 6.8 percentage point lead over Trump, 47.8% to 41%.
The businessman-turned-politician is also trailing in states essential to efforts to assemble to the 270 or more electoral votes needed to win the presidency, a group that includes Florida and Ohio as well as Pennsylvania.
While expressing confidence he will win in the end, Trump has also injected rare expressions of doubt in recent days. “I think we’re going to have victory, but we’ll see,” Trump told CNBC last week. “At the end its either going to work or I’m going to, you know, I’m going to have a very, very nice long vacation.”
…
I forgot to mention, but that conspiracy theory story about Trump’s Russian ties appeared in the Financial Times. I realize the source is an anti-Trump tool of the Wall Street oligarchy bankster establishment, etc etc etc.
What difference does it make
Major Pay Increases For De Blasio Staffers Leave Many Rankled
http://newyork.cbslocal.com/2016/08/12/city-hall-pay-raises/
The Comrades of Proven Worth deserve extravagant compensation for doing The People’s Work. Forward!
‘The reason they’re moving to Boston is the young couples did not want to come to that part of Connecticut to work.’
Pfft, yeah those young couples can pay the lovely premium to live near the new GE HQ when it moves to Boston’s Seaport district in 2018 or w/e. Beautiful new condo and apartment buildings which only cost $4000-6000/mo. Chump change right? I’m sure they’re all paid $200,000 a yr to shovel paper around their cubes.
Better yet, they can live in lovely East Boston for probably $1500-1800/mo and have Salvadorian neighbors and kids running around the streets who skip school, or maybe a run in with MS13 gang members (just wrangled up 30 of them a couple months back).
CT is certainly expensive, but GE’s move was solely because Boston/Mass govt offered them huge tax breaks and a nicer location, plain and simple.
I’m at the Wendy’s in Golden Triangle, Denver’s reportedly most expensive rental neighborhood ($2,300 average 1BR) within spitting distance of the Cherry Creek bike path which is the biggest, most blatant, open air heroin market in the city.
Come for the weed, stay for the heroin, LOLZ.
And Denver has been very active in wrangling up their homeless problem to literally clean the streetz!! Lol.
I have had a few friends move to Denver with no professional job lined up. They get caught up in “the dream”, kind of like Cali. So. Darn. Foolish.
Denver still a redneck town…can’t be cool city just because droves of young midwestern have moved there.
There is nothing “cool” about Denver. It has about as much character as Columbus, OH where I lived for 8 years.
Governor’s mansion (Hickenlooper doesn’t live there):
http://www.picpaste.com/20160815_114830.jpg
Except I bet Columbus, OH has a way more diversified economy. On a previous article here on HBB, it caused me to pause and research Columbus for myself, I was surprised by the corporate presence, chemical lab, DoD, and financial sectors. Their prices didn’t even plummet in 07-08
If you want “cool” move to Nob Hill in ABQ! Cheap too!
They have a Costco, what else do ya need if ya work 55 hrs a week.
“Except I bet Columbus, OH has a way more diversified economy.”
Take Ohio State away from Columbus and all you have is just another Rust Belt town.
Ohio State
odd logic
just another Rust Belt town
You want the half-day, full-day, half-week, or full-week tour?
Ever been to Merion Village on the South Side of Columbus? My college roommate bought a house there, thinking the gentrification of German Village would continue south indefinitely.
It didn’t. And his wife has a heroin problem. And his house has been burglarized twice.
After college I always lived north in Clintoville and Park Of Roses.
Yosemite is just another valley with out the waterfalls and granite. Cant we say this about everywhere?
I have had a few friends move to Denver with no professional job lined up.
So what did they say upon learning how low wages are in Denver vs. the East Coast?
Midwest has better salary than Denver I think.
I used to visit Denver, not a fan of the smog, traffic or white trash.
Friends don’t let friends eat at Wendy’s or any other fast-food place.
why is bahstin better than new cannan?
ID Realturd: Ya I think the norther part of the city might be the best fit for you, because it will be close to everything you like, the people and way of life will be what you are looking for as well. Fishing and biking will be accessable within minuets of most homes there as well. Our market is good right now and unlike 2007 the lending practices are better, so I doubt there will be any crash but the prices might soften a bit. With interest rates at a 30 year low I doubt there will be a better time to buy then now. Would you like me to send you some available homes in areas that I think you will like?
1,875 results for “1 month free”
https://denver.craigslist.org/search/apa?query=1+month+free
Nice. In Boston’s revitalized seaport district, I Googled some of the new complexes there, and the luxury places are offering reduced deposits, 50% off first month, no fees, etc, etc. The rents are still too darn high, even with those “sweeteners”
Boston Metro Housing Prices Crater 12% YoY
http://www.zillow.com/ma/home-values/
“The Ahwatukee Foothills News in Arizona. “Two houses in Ahwatukee each sold in the last five weeks for more than $1 million. The two two-story homes, both around 5,800 square feet, also are the third and fourth million-plus houses sold in Ahwatukee since June 1. Associate Broker Stacey Lykins said people selling their luxury homes are still facing a buyer’s market both in Ahwatukee and throughout the Valley, because ‘buyers have a pretty big selection of homes from which to choose.’”
Yeah that was my former neighborhood for ten years (though I spent most of my time in L.A., Maryland, or Tampa during those years.
The $1M homes are in a narrow belt against South Mountain. There are maybe 30 houses in the area with that figure. Then a few above $500,000. For the most part, the Ahwatukee houses are in the $200,000 to $250,000 range and have been so for four years. If you want a view of other people’s ugly yards in a 7 bedroom box that you spend $15,000 a year just to clean, well you know…
IMO, it makes more sense to own in north Scottsdale - up to and including Cave Creek and Carefree. There are smaller houses that you do not have to pay a fortune just to clean, and you have better views and more space.
If you like living close to people where you can easily stay up all night to barking dogs and crying babies, then Ahwatukee is a good place.
There is one spot that is the best in Ahwatukee and costs between $200k and $300k. It’s right along Sun Ray Park. Your backyard is a huge park and you have only two next door neighbors. It is quieter than having five properties touching your property.
stay up all night to barking dogs and crying babies
Live in a building with one bedroom units only that does not allow pets and many of these problems can be avoided. 401 is a top floor apartment with no shared neighbor walls (the building is shaped like an L, and 201, 301, 401 all have the kitchen adjacent to the elevator shaft, and the bedroom adjacent to nobody).
I had some time to kill earlier today while having my car serviced just south of the Denver CBD (Golden Triangle and Capitol Hill) and walked around noticing all of the new-ish apartment buildings that you don’t see when driving in and out of downtown on the Broadway/Lincoln corridor. Holy sh*t these people are paying alot of rent.
Move a few miles south of there beyond the hipster/yuppie zone and you can still have a 88 walkscore at half those rents. And for all the fat suburbanites who think walkscore is part of some Agenda 21 conspiracy, some of us enjoy living in a neighborhood that was an extension of the streetcar grid that was built up 70-120 years ago.
Lots of Sears Craftsman homes in my neighborhood, mature trees, abundant on street parking, a less than 10 minute walk to anything you need (need, not want, as millennial douchebaggery is something I don’t need or want).
I’ll be leaving Denver within the next decade, honing my strategy for what’s next…
Where was the house for the Denver season of MTV’s “The Real World”? From the aerial shots, the surrounding area looked pretty industrial. That year was probably the last season of the show I watched, truly a guilty pleasure.
Fat suburbanites? Doesn’t Colorado have the lowest average BMI of any state in the U.S.?
On that subject, about a decade ago one UK citizen wrote about Florida and said “if you think you need to lose a few kilos, come here and you’ll feel a lot better about yourself” and that our state uniform was anything with an elastic waistband. I admit to cracking a smile at that last one.
Son: “Pop, why aren’t we in the stock market like everyone else? All the other kids are getting rich.”
Pop: “Just you wait. Just you wait.”
Is that air I hear leaking out of the shuffle?
https://www.rt.com/business/356028-landon-rent-fall-oversupply/
Sacramento, CA Real Estate and Homes for Sale, 7,923
http://www.realtor.com/realestateandhomes-search/Sacramento_CA/radius-10/sby-7
Sacramento, CA Price Reduced Homes for Sale, 1,720 Homes
http://www.realtor.com/realestateandhomes-search/Sacramento_CA/radius-10/sby-7/show-price-reduced
22% of Sacramento sellers reduced their price at least once.
Hey Bill, explain this. Libertarian VP is a known corporate statist.
http://www.thedailysheeple.com/libertarian-vp-candidate-william-weld-ar-15s-can-be-weapons-of-mass-destruction-and-handguns-are-even-worse_082016
Drudge Report and Breitbart are hitting all-time highs in page views - does this mean the sheeple are finally waking up and looking for alternatives to the lapdog media and The Narrative? Will MightyMike be the last diehard Newsweek subscriber and CBS viewer in ‘Murica?
https://www.similarweb.com/blog/us-media-publishers-july-2016
Now that’s funny. I don’t visit Drudge or Breitbart, but many years ago I subscribed to Newsweek, and also watched the CBS Evening News. Now I typically skip all mainstream media other than my city’s principal daily newspaper.
That’s a good one, Ray. I haven’t read Newsweek in decades. I’m sure that it has its flaws, but Breitbart is for low class a–holes, which can easily be seen by reading comments left there.
I won’t argue that a lot of the posters seem as ignorant, racist and low-brow as they come. And Breitbart tends toward inflammatory stories and reporting guaranteed to rile up the goombahs. That said, they print news the MSM automatically consigns to the memory hole, so from that standpoint they’re doing a tremendous public service.
Gary Johnson segment taped last week that aired on C-SPAN yesterday:
https://www.c-span.org/video/?413887-1/newsmakers-gary-johnson
Europe is about to get a lot more fundamental transformation, courtesy of George Soros and the neocons.
http://libertyblitzkrieg.com/2016/08/15/turkey-threatens-to-reopen-the-refugee-floodgates-to-europe/
The purveyors of The Narrative are getting a reality check in Milwaukee.
http://www.businessinsider.com/reporter-tim-pool-pulls-out-of-milwaukee-because-of-racial-tensions-2016-8
Identify the narrative to which you refer.
irrelevant
No need to worry Mighty
The chances of your Mailman of color starting a race riot in your all white neighborhood are slim to none.
Raymond loves to repeat the same nonsense about kleptocrats and teleprompters many times daily, yet he won’t explain what this narrative is. All of a sudden he clams up. You won’t identify the narrative either, yet perhaps you know what it is.
It sounds like some sort of secret society or the Know Nothing Party.
He posts articles from dozens of sources all over the country/world, resulting in hundreds, maybe thousands of individual observations in a given year and the best you can do is claim each and every one of those observations is false and a lie. At some point you must be getting pretty tired working in the bureau of doublespeak.
Raymond loves to repeat the same nonsense about kleptocrats and teleprompters many times daily, yet he won’t explain what this narrative is. All of a sudden he clams up.
Something I learned a long time ago is not to waste time responding to ankle-biters. The people in here who matter can figure out my “narrative” on their own, because they cracked the same code.
So it is a code. That’s interesting. Certain parts of your worldview have to be kept secret.
best you can do is claim each and every one of those observations is false and a lie.
I never claimed that all of them are lies. I have demonstrated that much of his links are nonsense. Now you see that he doesn’t want to explain what the heck he’s talking about.
MightyWhite
You lost all credibility with the Vin Scully of course he’s wrong comment.
“Socialism failing to work as it always does, this time in Venezuela,” Scully said. “You talk about giving everybody something free and all of a sudden there’s no food to eat. And who do you think is the richest person in Venezuela? The daughter of Hugo Chavez. Hello. Anyway. Oh and two.”.
Of course Vin Scully was correct and you oh less than Mighty one were wrong.
Certain parts of your worldview have to be kept secret.
You can generally get an idea of HBB posters’ worldviews from the links they post, and their commentary. This is a housing bubble blog, and it delves into a lot of socioeconomic factors and trends that could have an impact on housing and the economy writ large. Just about everything I post - the good, the bad, and the ugly - has some demonstrable link to that focus. It’s really pretty simple, Mikey. Housing prices in Ferguson have dropped 50% since the riots two years ago, so we’ve established that urban or civil unrest isn’t good for home prices or economic stability. The fact that the plutocracy doesn’t even pretend that the rule of law applies to corrupt kleptocrats like Hillary Clinton or Jon Corzine has profound ramifications, going forward, for society as a whole, and I’m still trying to figure out what this means for me, my family, and the country as a whole - as are some of the other truth-seekers in here. It isn’t all that complicated, Mikey. I think Orwell said it best when he said, “In a time of universal deceit, telling the truth is a revolutionary act.” People like you, who will forever remain willfully blind and subservient to the status quo, will never get that in a million years.
Applause Crowd Cheering - YouTube
https://www.youtube.com/watch?v=barWV7RWkq0 - 340k -
“In a time of universal deceit, telling the truth is a revolutionary act.”
Nevertheless, you still avoid explicitness when it comes to your agenda. And, yeah, civil unrest may have an effect on house prices. But it’s an odd thing to focus on when people are getting killed.
Irrelevant..
“But it’s an odd thing to focus on when people are getting killed.”
It’s an odd thing to narrowly focus on blacks getting killed by cops, be they black or white, when so many more blacks are getting killed daily by non-cop blacks.
If black lives really mattered, then the deeply concerned liberals who meddle in such matters would drop the War on Police and try to figure out how to end the violent crime wave of black criminals on other blacks.
It’s not odd at all. Reducing crime in general is challenging. Reducing crime committed by police, who are funded by taxpayers, should be fairly straightforward.
I get BLM being angered by black people being killed by police for little or no apparent reason. But when black people riot because an armed thug with a gun loaded with a 23-round magazine ran from a traffic stop, then turned around to engage the cops and gets shot dead by the cops in a completely justified response, that’s nuts. And when black residents hunt down and beat up random whites who happen to be caught in the area, that’s worse than nuts. That’s sickening and the sign the rioters are lawless predatory thugs.
Reducing crime committed by police, who are funded by taxpayers, should be fairly straightforward.
And yet you have no apparent issue with influence peddling, pay-to-play schemes, and swindles being perpetrated by Comrades of Proven Worth like Hillary Clinton and virtually all other high-ranking Democrat operatives.
No, I don’t like any of those things. But there’s usually no killing involved. And this influence peddling that you refer to represents only a small fraction of the things that big business does to get its way in Washington.
“But there’s usually no killing involved.”
You did read “Hillary Clinton” right?
Oh yeah, I forgot about Vince Foster.
https://www.reddit.com/r/conspiracy/comments/4mes7q/here_is_a_list_of_all_the_clinton_associates_that/?st=irwx6t2f&sh=8743f102
be happy, move to where your people are.
be happy, move to where your people are.
“My people” are any decent people, regardless of race, color, ethnicity, political affiliation, religion, gender, sexual orientation, etc. It’s just that there seem to be fewer and fewer of them around every year.
The chances of your Mailman of color starting a race riot in your all white neighborhood are slim to none.
So apparently you must think that the secret narrative has something to do with the USPS.
I’m not the same person as MightyMike.
But being fairly new to this blog, I really wish Raymond would spell out what policies he supports. I’m genuinely curious and without judgment.
I see that he’s implying that it should be obvious from the links he posts, but it still isn’t to me. I certainly see all that he’s against, but nothing that he’s for beyond law and order and an end to Republican and Democrat reign.
Our NEA indoctrination mills can rejoice with the Comrades of Proven Worth at the DNC as their dumbing down of our “Everyone’s a Winner” public education system has produced ignorant dolts incapable of critical thinking. Forward!
https://www.youtube.com/watch?v=LWB8B614jac
More Kabuki theater to rile up the yahoos and rack in more donations from the low-information GOP base. Hillary and her ilk need NEVER fear legal consequences for their corruption, graft, and perjury.
http://dailycaller.com/2016/08/15/gop-lawmakers-lay-out-perjury-case-against-clinton/
Miami condo meltdown: “The market could scary.”
http://wolfstreet.com/2016/08/15/doom-and-gloom-scenario-for-miami-condo-bubble-bust-and-its-banks/
‘The 374-unit 46-story Brickell House opened in 2014, during the steamiest days of Miami’s condo bubble. Now the dynamics have changed: 77 condos have been listed for resale over the past 6 months. And three have sold at a loss from their preconstruction prices.’
‘A unit sold in February for $525,000, or $4,000 below preconstruction price. After the 6% sales commission, the net sales price was $493,500 or a loss of 7%, according to StatFunding’s new Miami Preconstruction Condo Market Update. A unit sold in March for $350,000 lost 16% after sales commission. And one sold in May for $233,400 lost 38%.’
‘Of the 3,749 units completed in large projects since 2012, 18% or 679 units have been listed for resale. But only 34 have sold over the past six months, and 11 resales are pending. At this sales rate, supply amounts to 119 months.’
‘But 40 large buildings, totaling over 11,000 condos, will be completed over the next 24 months. If a projected 35%, or 3,850 units, are listed for resale – a “conservative estimate,” given current trends – it would mark a 567% jump from 679 units already listed for resale. Combined, given current sales activity, there would be 674 months of supply – or 56 years!’
And some here say there’s no bubble.
the Replacements - Johnny’s Gonna Die:
https://www.youtube.com/watch?v=plbP0PJ3×18
Their new biography by Bob Mehr is beyond excellent. If you ever thought you might have a drinking problem, you obviously have not partied with the Replacements before.
There’s a strain of weed called “Green Crack” and it’s as good as it sounds…
Everytime I leave the Montana area there is some stereotypical real estate article.
The sentence in the Missoulian I liked best was the President of the Realtors Association noting:
Wahlberg said that it’s a simple math problem: People in Missoula don’t make enough money to afford housing.
Which means they are purchasing mortgages they can’t afford and it’s going to be another mess when prices fall. Which by the way seems overdue.
Who has the crystal ball?
Television - Marquee Moon (1977) - Full Album:
https://www.youtube.com/watch?v=WfO9lpbbW_4
Ben Jones if music was a competition I’d win. Who are these olds thinking their narrative is the only one?
Misfits, Black Flag, Dead Milkmen, Replacements…
“The flipside of shorts officially throwing in the towel, is that going forward it will be much more difficult to push stocks higher simply from squeezing shorts or forcing covers. Then again, with short interest at approximately 2.0%, there is still a chance it may fall further. In early 2007, just before the financial crisis emerged, short interest was just above 1.6%. In other words, while going forward the pain for shorts will be substantially lower than over the past year, it may still continue for a while should central banks continue to push everyone into stocks. ”
http://www.zerohedge.com/news/2016-08-15/shorts-throw-towel-sp-short-interest-tumbles-three-year-lows
Short covering, central banks and corporate buybacks! LMFAO
But…but…the average family saves $2500 in medical costs! No wonder Obamacare architect Gruber mocked “the stupid voters” responsible for this insurance company enrichment scheme.
http://www.zerohedge.com/news/2016-08-15/obamacare-sticker-shock-average-2017-premium-surges-24
Compared to most Western leaders, I would say he was a good man. Like Flounder, he f-*/:d up when he trusted them.
Hillary wouldn’t dare do this in her own country:
https://m.youtube.com/watch?v=zBIovdDGPkI